Samsung, LG and four Taiwanese firms have been fined heavily for price-fixing of liquid crystal display (LCD) panels on the Chinese mainland.

These companies have been ordered to pay 144 million yuan in fines and return 172 million yuan of extra payment to Chinese mainland buyers. The government also confiscated 36.75 million yuan

China’s efforts to be a global innovation leader offers opportunities to foreign companies like Microsoft, a senior executive of the software giant said.

“We’re committed to continue our partnership with China as we look towards the future, which promises a new era of computing and new opportunities to create continued positive growth and change,”

World’s leading aircraft producer Bell Helicopter has identified China as its strongest market for growth and plans to grow facilities and services in the country.

“We are mapping out the service network together with Chinese partners, trying to make a solid foundation to ensure our market can go forward,” said John Garrison, president and CEO with Bell helicopter,on November 15.